Hot Pursuit
Dhanuka Agritech Ltd announced that CARE Ratings Limited has reaffirmed its ratings on the company's bank facilities, including Long-term bank facilities at CARE AA; Stable, and Short-term bank facilities at CARE A1+; reaffirming Long Term Bank Facilities at 30.00, Long Term / Short Term Bank Facilities at 33.00 with ratings of CARE AA; Stable / CARE A1+, and Fund Based Limits - HSBC Ltd at 15.00, Fund Based Limits - HDFC Bank Ltd at 15.00, Non-Fund Based Limits - HSBC Ltd at 18.00 (LC- upto 180 days, BG -upto 15 months), and Non-Fund Based Limits - HDFC Bank Ltd at 15.00 (LC- upto 180 days, BG -upto 15 months), while also noting a disclaimer pertains to the ratings issued and content published, and a periodic surveillance/review will be undertaken; additionally, CareEdge Ratings provided a rating reflecting opinions as on the date of the rating for bank facilities/instruments, though the specific amount and rating were not specified, and CARE Ratings Ltd. has indicated a review is ongoing based on best available information for bank facilities where the issuer is not cooperating, with no further rating information available from either agency.